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Breckenridge, CO

Cost of living in Summit County, CO

Estimated monthly cost
$3,888/mo
for a single person, all categories combined

Population 30,857 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $1,746 45%
Federal tax $652 17%
Healthcare $480 12%
Groceries $359 9%
Transport $250 6%
State tax $183 5%
Energy $158 4%
Water $60 2%

Rent in Summit County

Fair Market Rents by bedroom count.

Studio
$1,571
per month
1 bedroom
$1,746
per month
2 bedroom
$2,291
per month
3 bedroom
$3,126
per month
4 bedroom
$3,354
per month

Source: HUD FMR FY2025

Income and earnings in Summit County

Annual earnings figures from the Census ACS.

Household income
$106,255
per year
Individual earnings
$49,927
per year
Per capita
$58,219
per year

Source: ACS 2019-2023 5-Year.

Home values in Summit County

Average values reported by homeowners.

Average home value
$850,700
Annual property tax
$2,641

Source: ACS 2019-2023 5-Year

Energy costs in Summit County

Estimated monthly electricity and gas costs.

Electricity
$106
per month · 15.2¢/kWh
Natural gas
$52
per month
Annual total
$1,896
per year

Source: EIA

Healthcare in Summit County

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
10.2%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Summit County

State and local tax rates for Colorado.

State income tax
4.4%
Flat rate
State sales tax
2.9%
Combined sales tax
7.8%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Summit County

Commute patterns and estimated costs.

Average commute
21.2 min
Drive alone
59.8%
Public transit
4.5%
Work from home
21.4%

Source: ACS

Monthly cost estimates for Summit County

What it costs to live in Summit County each month.

Single person
$3,888
per month
  • Rent $1,746
  • Energy $158
  • Water $60
  • Groceries $359
  • Transport $250
  • Healthcare $480
  • Federal tax $652
  • State tax $183
Couple
$6,159
per month
  • Rent $2,291
  • Energy $190
  • Water $70
  • Groceries $595
  • Transport $350
  • Healthcare $864
  • Federal tax $1,409
  • State tax $390
Family
$9,150
per month
  • Rent $3,126
  • Energy $237
  • Water $85
  • Groceries $903
  • Transport $450
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $1,409
  • State tax $390

Frequently asked questions about Summit County

Common questions about cost of living, rent and salary.

What is the average rent in Summit County?

In Summit County, CO, a one-bedroom apartment averages $1,746 per month, a two-bedroom averages $2,291 per month, a three-bedroom averages $3,126 per month, according to HUD Fair Market Rent data.

What is the average salary in Summit County?

In Summit County, CO, the average household income is $106,255 per year and individual earnings for full-time workers average $49,927 per year, according to U.S. Census Bureau data.

What is the cost of living in Summit County?

The estimated cost of living in Summit County, CO is approximately $3,888 per month for a single person, $6,159 for a couple, $9,150 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Summit County?

The combined sales tax rate in Summit County, CO is 7.77%, which includes the Colorado state rate of 2.90% plus an average local rate of 4.87%.

Is Summit County an affordable place to live?

Based on the data, a single person in Summit County, CO would need approximately $3,888 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $106,255 per year ($8,855 per month). Summit County is relatively affordable compared to the national average.

How much does healthcare cost in Summit County?

The ACA marketplace benchmark premium in Summit County, CO is approximately $480 per month for an individual. Approximately 10.2% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Summit County?

The average home value in Summit County, CO is $850,700, with average annual property taxes of $2,641, according to U.S. Census Bureau data.

How does Summit County compare to other areas?

You can compare Summit County, CO with any other US county using our comparison tool at /compare. Summit County is in the Breckenridge, CO metro area.

Other counties in Colorado

Browse the full list of counties in Colorado, ranked by cost of living.

See all counties in Colorado

Compare Summit County with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources